Why? The only check is to fire the CEO. He is un-firable. May as well have a boa... | Hacker News

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		liuliu on Nov 22, 2023 \| parent \| context \| favorite \| on: We have reached an agreement in principle for Sam ... Why? The only check is to fire the CEO. He is un-firable. May as well have a board of one, at least someone cannot point to the non-profit and claim "it is a non-profit and can fire me if I am diviated from the mission".

sanxiyn on Nov 22, 2023 [–]

IRS requires a nonprofit to have a minimum of three board members for such reasons.

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